QUESTION 17 Which of the following account balances would not be closed at year-end by debiting the account? a. Sales revenue b. Unearned revenue c. Interest revenue d. Gain on sale of building QUESTION 18 Which of the following statements is correct? a. Balance sheet accounts are permanent accounts and do not retain their balances from one period to the next b. Income statement accounts are temporary accounts and do not retain their balance sfrom one period to the next c Balance sheet accounts are temporary accounts and do retain their balances from one period to the next d. Income statement accounts are permanent accounts and do retain their balances from one period to the next QUESTION 19 The Bedford Company has provided the following information after year-end adjustments: Allowance for doubtful accounts increased $19,000. Accounts receivable increased $390,000 during the year. Accounts written off as uncollectible totaled $20,000. Sales totaled $2,500,000 Sales discounts were $100,000. What was the amount of Bedford's net sales? $1.990,000 $2,380,000 $2,400,000 $2,420,000